Japan Neglet Bitcoin Uncertainty

The ongoing bitcoin civil war may really affect the bitcoin activity in Japan on the adverse, Japan as a government body is really working hard to make the digital currency environment tending for more people to embrace the currency.

POSSIBLE BITCOIN FORK

1st of August is a prominent day in the bitcoin word, and this will determine how bitcoin will perform in future in future. Miners are hoping the segwit2x proposal will be put to action as that will mean faster and lessspend transactions, but some group of miners do not agree with that, hence there is a probability that Bitcoin forking will break into two separate chains.

OUTCOME OF THE UNCERTAINTY

Despite the conviction currently in the market, exchanges are still doing well in business, and until the last couple of days, price action was holding up well. Some exchanges are preparing a temporary suspension of deposits and withdrawals until the decision has settled according to Asian review reports.
bitflyer, which is the largest exchange in Japan, hasn't revealed it plans, expecting that the uncertainty of Bitcoin, may make some Bitcoin users to shut or go against the currency to other cryptocurrencies such as litcoin, dash, ethereum, doge etc.
Bitflyer has also introduce litcoin to its exchange platform on July 12, because it has increased four fold for the past 6 month, hence it is likely to perform very well in the future.
In conclusion, Japan has ever been the lead in the crypto currency world and has contributed immensely to the rise of the currency. It has encourage several people and merchant to be interested in Bitcoin. Bitcoin adaptation in Japan has grown significantly and the government is trying to support safe exchanges in the country to prevent MTGOX.

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